Car Loan Calculator

What To Consider For Car Payments And Car Affordability

Buying any new or used car can get overwhelming when you have no clue of where to begin from the money standpoint. One of the keys to a successful car purchase has always been being able to figure out what you can manage financially. So, to that end, use our car loan calculator to get an idea of what you can afford! All you have to do is plug in your desired monthly payment or your desired vehicle price.

This figure represents the cars sticker price or negotiated price, this is the price that the seller and buyer have agreed upon for purchase of the car. This figure does not include sales tax or the cost of financing the loan.
Look up the price of your car

Enter the MSRP, sales, asking or retail price of your car

This figure represents the value of your current vehicle, minus the amount you still owe on its loan, if any. To find your vehicles Trade-In Value simply select your vehicle from this page, and subtract any outstanding loan balances from that value.
Get your NADAguides trade-in

What is the NADAguides trade-in value of your current car? Note: make sure to deduct any remaining loan balance if you have one.

This figure represents the amount a purchaser is going to pay at the time of purchase. The higher the down payment amount, the lower the amount of interest the purchaser will pay over time.

Will you be putting money "down" on the purchase? If so, how much?

This is the rate at which you will have to pay back additional funds for the use of money lent to you. Interest Rates are calculated based off of borrower’s credit scores, and the amount of money being lent. To minimize the amount of interest paid, increase the amount of your down payment and increase your monthly payments when possible.

FICO Score – FICO® scores can impact the interest you pay on a loan. Below is an example set of FICO® scores and the respective APR. You can see that working to get your score in the higher ranges can mean more savings! Use the below FICO score table to better estimate the APR you will qualify for.

760-850 3.442 %
700-759 3.664 %
680-699 3.841 %
660-679 4.055 %
640-659 4.485 %
620-639 5.031 %

What finance/car loan interest rate do you qualify for? 3.95% is based on average credit score.

This is the amount of time a loans repayment is scheduled over. Typically a longer loan term means a buyer will have a lower monthly payment, but will pay more in interest over time.
60 Months

How quickly (in months) do you plan to pay off the car loan? Typically loan terms are offered at 36, 48 and 60 months.

Depending on the state you are buying a new car or a used car in or even leasing it, you may have to pay state sales tax. Keep in mind trading in your existing car may reduce the taxable amount as well. Also, some states compute your sales tax before a rebate or incentive is applied to the purchase price and other states figure it afterwards.
Select State

Sales tax is a combination of your local and state sales tax rates. This figure is not represented in the sticker price of a car, but contributes to the total cost of purchasing a car. Sales tax may vary by county.

Actual price and payments may be different due to local rebates, specials, fees, and credit qualifications. Consult your dealer for actual price, payments, and complete details. .

Your monthly payment:


Note: Based on the information given, we have calculated that you can afford a car with a monthly payment of up to the figure listed above.

Cost factors included in your monthly payment.

Car Price: $0
Sales Tax: $0
Interest Paid: $0
Total Cost: $0
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